You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Sears pares back its losses in 4th quarter

Sear’s same-store sales fell 7.8 percent; Kmart’s declined 5.1 percent.

Reuters/File 2013

Sear’s same-store sales fell 7.8 percent; Kmart’s declined 5.1 percent.

Continue reading below

Sears Holdings Corp. reported a hefty fourth-quarter loss on a 14 percent sales drop, as the retailer continues to struggle to attract shoppers. But shares rose as the operator of Kmart and Sears cut its loss from a year ago. It lost $358 million, or $3.37 per share, compared with a loss of $489 million, or $4.61, a year ago. Same-store sales fell 6.4 percent overall. For the year, Sears lost $1.37 billion, or $12.87 per share, vs. a loss of $930 million, or $8.78 per share, in the prior year.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of